A look at the crypto market: Bitcoin facing a critical zone while Ethereum and XRP consolidate in a climate of disinterest for futures.

Bitcoin (BTC) is holding above $110,000 today. Its mid-week rally towards $112,500 has run out of steam. Ethereum and Ripple? They are stagnating near their key supports. Retail demand is weakening.

The data speaks: Institutions continue to amass Bitcoin despite the turmoil 🔍

Institutional Bitcoin reserves are growing month by month in 2025. Strange when you see these prices dancing everywhere. These giants hold about 847,330 BTC, or almost 94 billion. SoSoValue notes a weekly influx of 1,100 BTC. Not bad.

Sentora explains it: "This accumulation shows a lasting conviction despite the turbulent market."

Glassnode data reveals that investors are biting during the dips. Support at $104,000. Resistance at $116,000. Cooling of futures and moderate ETF demand are slowing momentum.

A breakthrough above resistance? BTC could soar to $120,000. A plunge below $104,000? We risk sliding towards the 93-95,000 zone.

Ethereum and XRP: The Long Wait 🌐

Ethereum is floating around €3,841. Buyers lost their breath below $4,500 on Wednesday. Interest in futures has dropped quite a bit - $59 billion now compared to $70 billion at the end of August.

The MACD has been signaling "sell" since August 25. Many are reducing their positions. It seems that a drop is expected before the rally towards its record of $4,956.

This ascending trend line? Crucial. ETH bounced off it in July. The other supports? The 50-day EMA at $4,044 and the 100-day EMA at $3,566.

XRP is swinging between its 100-day EMA (2.77 $) and its 50-day EMA (2.91 $). It feels like prolonged consolidation. The MACD has been negative since the end of July? Not encouraging. We could drop towards 2.51 $.

The technical point on Bitcoin 📈

Bitcoin broke its resistance but bumped against $112,500. It remains above the 100-day EMA (110 736 $).

A drop below this average? We will probably retest the trend line. If it holds, the direction will be $116,000 then $120,000.

RSI at 44. Not very hot. Demand is cooling off. If this continues, we could see the 200-day EMA at $104,314.

Analysts see Ethereum averaging €5,000 by 2025 🚀. This correction? An opportunity to buy before the next bull run.

The crypto market is evolving. Institutions remain the main driver. Investors? More cautious. They buy the dips, strengthen their positions. Smart.